Dollar operates low, with US debt ceiling on the radar

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On the eve, the US currency advanced 0.61% against the real, at R$ 5.0731. Dollar banknotes bearfotos/Freepik The dollar operates in decline against the real this Thursday (1st). Investors digest the approval of the bill that suspends the US debt ceiling by the US Chamber of Deputies and reflect on the result of the Brazilian Gross Domestic Product (GDP). At 11:03 am, the currency retreated 0.75%, quoted at R$ 5.0353. See more quotes. The day before, the dollar rose by 0.60% and reached R$5.0423. With today’s result, the US currency ended the month with a rise of 1.72%, and started to accumulate: High of 1.70% in the week; Drop of 3.88% in the year. READ ALSO: UNDERSTAND: What makes the dollar rise or fall in relation to the real COMMERCIAL X TOURISM: what is the difference between the quotation of foreign currencies and why is tourism more expensive? MONEY OR CARD? What’s the best way to take dollars on trips? DOLLAR: When is the best time to buy the currency? What is messing with the markets? Abroad, the main highlight this Thursday (1st) is the approval of the bill that suspends the US$ 31.4 trillion debt ceiling of the United States, in order to avoid a default by the largest economy in the world. The bill was approved by the US House of Representatives on Wednesday (31), with the support of most Democrats and Republicans. Now, the proposal must go to the country’s Senate, which must enact the measure before the Monday deadline, when the US government must run out of money to pay its bills. Over there, the disclosure of the ADP job bulletin is still on the radar. According to the report, US private job openings increased more than expected in May, suggesting that the job market has only gradually slowed down. If the employment report from the US Department of Labor, scheduled for Friday (2), also comes in higher than expected, the numbers may reinforce the bets on another hike in interest rates by the Fed this month, which until recently had been discarded by the market. Here, attention is focused on the release of the Brazilian GDP for the 1st quarter by the Brazilian Institute of Geography and Statistics (IBGE). According to the indicator, the country’s activity grew by 1.9% in the period compared to the previous three months, in a better-than-expected result that shows recovery compared to the end of 2022. The result was mainly driven by agriculture, which had an increase of 21.6% in the period, the highest increase for the sector since the fourth quarter of 1996. Compared to the same quarter of 2022, GDP grew 4.0%. Initial plugin text

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